October 25, 2024
Categories: Press Releases
Representatives from TSAHC, Harlingen Community Development Corporation, and Texas Community Bank gathered on October 24th to welcome the first homeowner to the Mesquite Wood community in Harlingen and to highlight their collaborative efforts to provide affordable homeownership opportunities. They were also joined by representatives from Texas State Senator Morgan LaMantia’s office.
Creating affordable paths to homeownership for South Texans is a top priority for me. It’s my distinct pleasure to dedicate this community alongside TSAHC, Harlingen CDC, and others and celebrate our shared vision of creating affordable housing opportunities for all hard-working Texans.
- Texas State Senator Morgan LaMantia
In early 2023, TSAHC purchased 22 lots in the Mesquite Wood subdivision and partnered with Harlingen CDC to develop affordable single-family homes on the lots. To date, three homes have been constructed, with two homes sold and one home currently under contract. Nineteen (19) additional homes are planned for the community.
Providing affordable homeownership opportunities to hard working families is central to our mission. That’s why I’m excited to stand alongside TSAHC and others who helped create this community and celebrate the current and future families who will have an affordable place to call home that they own.
- Fred Huerta, Executive Director of Harlingen CDC
TSAHC and Harlingen CDC collaborated on the Mesquite Wood development through TSAHC’s Affordable Communities of Texas program, a statewide land banking and land trust initiative that assists local nonprofits with the acquisition and redevelopment of properties.
Our shared success in delivering high-quality, affordable homeownership opportunities is a result of the partnerships made possible by the ACT program. We’re thankful the Texas Legislature gave us the authority to create a program that leverages our resources and expertise with those of local nonprofits.
- Valerie Cardenas, TSAHC Board of Directors Vice Chair
Texas Community Bank also played a key role in the creation of Mesquite Wood by providing TSAHC with a program related investment in the ACT program that enabled TSAHC to purchase the lots. The Bank is also providing stipends to cover the cost of Internet for one year to households that earn up to 80% of the Area Median Income.
The home sales price starts at around $200,000, and homes are targeted to households earning up to 80% of the Area Median Family Income.
Daniel Morales and Andrea Lopez Sanciver, new homeowners at Mesquite Wood, expressed their gratitude for becoming new homeowners noting that they were looking forward to the stability and security it will provide their family and the long-term financial benefit it will offer through equity.
Homeownership can give us a place to create lasting memories with our family and friends.
- Daniel Morales and Andrea Lopez Sanciver, Mesquite Wood homeowners
Pictured left to right: Frank Morales, District 4 Commissioner for the City of Harlingen; Grecia Galvan, District Director for State Senator Morgan LaMantia; Ronny Garcia, Harlingen CDC Board Chair; Valerie Cardenas, TSAHC Vice Chair; Andrea Lopez Sanciver, Mesquite Wood homeowner; Roger Moreno, Texas Community Bank Executive Vice President; Carmen Casanova, Texas Community Bank Vice President
